Tag Archives: EBRD

On January 31st the Board of Directors of European Bank for Reconstruction and Development (EBRD) unanimously approved the financing of Nenskra Hydropower Plant project (HPP), which will become the largest HPP constructed in the recent history of independent Georgia. Provision of a senior secured loan of up to US$ 214 …

European Bank for Reconstruction and Development (EBRD) backs the project for modernization and rehabilitation of Enguri HPP. The Bank has already allocated 28 million EUR sovereign loan to LLC Enguri HPP for the project implementation. This loan is to ensure safe operation of the facility, increase electricity generation and alleviate …

On January 5 Government of Georgia and European Bank for Reconstruction and Development (EBRD) have signed an agreement for financing Enguri HPP Rehabilitation Project – Sustainable Development for Climate Conditions. The document was signed by Minster of Finance Mamuka Bakhtadze and EBRD regional director in the Caucasus, Moldova and Belarus …

Georgia’s external liabilities are growing. Over the past year Georgia’s foreign liabilities rose by 0.545bln USD and equaled to 5.01bln USD as of October 31, 2017. According to Ministry of Finance, monthly reports have recorded a slight contraction in debts, down from 5.005bln USD as of September 2017. The figure …

Anaklia Seaport and Anaklia City projects will be discussed at Outlook on Georgia 2017 conference in London, which is organized by EBRD. The conference will be jointly hosted by EBRD and Emerging Europe. The event is dedicated to Georgia’s economic development issues. Objective of the conference is to overview Georgia’s …

The European Bank for Reconstruction and Development is expecting (EBRD) 4,5% economic growth in Georgia this year, which is a 0.6% increase compared with previous forecast. EBRD is expecting one of the highest growth in Georgia among Eastern Europe and the Caucasus region. The current year’s forecast for the region …

The European Bank for Reconstruction and Development and Emerging Europe are co-hosting the EBRD-Emerging Europe: Outlook on Georgia 2017 event at the EBRD Headquarters in London on Monday 20 November. The event will bring together policymakers, investors and prominent business people to discuss the economic outlook on Georgia and explore investment opportunities …

The European Bank for Reconstruction and Development (EBRD) may become shareholder of JSC Nenskra Hydro. The European Bank is considering investing 15 million USD in the capital of the company. Besides that, the EBRD plans provision of a senior secured loan of US$ 214 million to JSC Nenskra Hydro to …

The European Bank for Reconstruction and Development (ERBD) will finance construction of Nenskra Hydro Power Plant in Svaneti with $ 229 million. 15 million dollars will be spent on improving ecological conditions, in particular the reduction of greenhouse gases. In the framework of the Green Economy Transition (GET) initiative, the …

Dimitri Kumsishvili, Georgia’s first vice Prime Minister and Minister of Finance, and Koba Gvenetadze, president of National Bank of Georgia (NBG), discussed capital market development issues with representatives of EBRD. The meeting was held in Washington, the USA, as part of the annual meeting of IMF and World Bank. At …

According to Bruno Balvanera, Regional Director of the European Bank for Reconstruction and Development, the organization’s activity in Georgia and the share of investments is exceptionally large compared to all the countries where EBRD is doing its business. “Our activities include a variety of fields, but I would like to …

According to businessman Lasha Papashvili, construction of a high-level hotel in Abastumani will start in the next month. According to him, $ 10 million is being mobilized at this stage, which is enough for construction. However, negotiations are also held with TBC Bank and the EBRD in order to mobilize …